It’s a risk to rent or purchase property in present realty market
Renting houses is still a risky task in this heating up realty market. Even though the property prices have started declining, selling, buying or renting a property is a risky task indeed!
Citizens say that renting out a home in Mumbai is a toughest task, as one can never dream of getting home to one’s office close proximity.
Now that Reserve Bank of India (RBI) has paused the rise in interest rates, the property prices in Bangalore, Chennai, Delhi and Mumbai have declined up to 10 percent.
With this fluctuating realty market the investors are in a state of dilemma whether this would be a right time to buy property or not! However, “wait for the further realty price correction” is all what the real estate experts say!
Source: Business Standard
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